NXG NextGen Total Risk Alpha vs. Kurtosis
| NXG Stock | | | USD 47.10 0.30 0.64% |
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NXG NextGen Infrastructure has current Total Risk Alpha of 7.0E-4. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 7.0E-4 | |
| ER[a] | = | Expected return on investing in NXG NextGen |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NXG NextGen |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NXG NextGen Total Risk Alpha Peers Comparison
NXG Total Risk Alpha Relative To Other Indicators
NXG NextGen Infrastructure is regarded
fourth in total risk alpha category among its peers. It is currently under evaluation in kurtosis category among its peers making up about
4,035 of Kurtosis per Total Risk Alpha. The ratio of Kurtosis to Total Risk Alpha for NXG NextGen Infrastructure is roughly
4,035 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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